Sales was recorded at Rp 611 billion or decreased by 6.5% compared to preceding year.
Domestic sales managed to book growth of 6.0%, while export sales decreased by
31.4%.
Fragrance decreased by 12.5% compared to previous year due to limited supply of
product containing aerosol. However, non-DPS (aerosol) products maintained its
positive growth in the domestic market.
Hair care category performed positive growth during 1Q16. Hairstyling product such
as pomade and gel grew double digits.
Investor Brief 1Q2015
(as of March 31)
PT Mandom Indonesia Tbk
Security code : TCID
Statements of Income
Rp Billion
1Q2016
1Q2015
Balance
%Growth
Net Sales 611,575 653,797 -42,222 -6.5%
COGs 372,146 400,478 -28,332 -7.1%
Gross Profit 239,429 253,319 -13,890 -5.5%
Operating Expenses 162,988 151,862 11,126 7.3%
Operating Income 76,441 101,457 -25,016 -24.7%
Net Income 54,782 62,270 -7,488 -12.0%
Comprehensive Income 37,982 41,816 -3,834 -9.2%
Basic Earnings per Share (in Rp) 272 310 -38 -12.3%
Statements of Financial Position
Rp Billion Mar 31, 2016 Dec 31, 2015
Balance
%Growth
Current Assets 1,212,583 1,112,673 99,910 9.0%
Non-Current Assets 977,486 969,424 8,062 0.8%
Total Assets 2,190,069 2,082,097 107,972 5.2%
Current Liabilities 264,872 222,931 41,941 18.8%
Non-Current Liability 172,344 144,295 28,049 19.4%
Equity 1,752,853 1,714,871 37,982 2.2%
Total Liabilities & Equity 2,190,069 2,082,097 107,972 5.2%
Net Working Capital 947,711 889,742 57,969 6.5%
Issued Shares (in number of shares) 201,066,667 201,066,667 201,066,667
Statements of Cash Flows
Rp Billion
1Q2016
1Q2015
Balance
%Growth
Capital Expenditure 34,455 53,070 -18,615 -35.1%
Investor Brief 1Q2016
Fourth Stage of the 3-Years Middle Range Management Planning (MID-4) 2014 -2016
2016 is the last year of MID-4. In this year the Company is targeting double digit growth
compared to previous year. In order to achieve the said target, the Company will increase
productivity, enhance product development, actively conduct advertising and promotion
activities to maintain consumer awareness, expand distribution area both domestic and
export, improve personnel’s skills, and strengthen quality and production system supported by
systematic working system. The Company expects not only to achieve the target of year 2016
but also Rp 3 trillion sales target in 2017.
Become The Real Global Company
Net Sales by Geographical Segment
Rp Billion
1Q2016
1Q2015
Balance
%Growth
Domestic 462,255 436,075 26,180 6.0%
Export 149,320 217,722 -68,402 -31.4%
Net Sales by Category
611,575 653,797Rp Billion
1Q2016
1Q2015
Balance
%Growth
Men's 325,464 287,197 38,267 13.3%
Women's 276,891 353,341 -76,450 -21.6%
Others 9,220 13,259 -4,039 -30.5%
Net Sales By Segment
Rp Billion
1Q2016
1Q2015
Balance
%Growth
Skin Care & Make Up 194,591 227,218 -32,627 -14.4%
Hair Care 260,479 245,352 15,127 6.2%
Fragrance 149,582 170,873 -21,291 -12.5%
Others 6,923 10,354 -3,431 -33.1%
75.6% 24.4%
Domestic Export
245,352 260,479
227,218 194,591
170,873 149,582
1Q2015 1Q2016
Fragrance Skin Care & Make Up Hair Care
-14.4%
Competition in this category is getting tighter. Therefore sales of skin care and makeup throughout 1Q16 decreased by 14.4%. As an effort to strengthen this category amid the ever-tight competition, the Company continues to perform several advertising and promotion activities throughout 1Q16 such as PIXY Goes to Campus and PIXY Beauty Caravan in several cities in Indonesia. While for export, this category grew double digit compared to preceding year.
Sales of fragrance decreased by 12.5% compared to previous year. The fire accident which occurred at the aerosol production last year still affected the performance of this category. Therefore, to invigorate this category, the Company had carried out several efforts such as, launching new fragrance for kids namely CHIBIKKO - Hello Kitty Spray Cologne, fragrance for women namely PUCELLE for Women Eau De Cologne, and displaying TV Commercial of GATSBY Urban Cologne in national television stations and social media.
Investor Brief 1Q2016
New Product in 1Q15 : GATSBY Executive Shape and GATSBY Styling Pomade Supreme Hold (Water Base)
TVC and Banner Adv. GATSBY Styling Pomade
PIXY Beauty Career Goes to Campus
Sales of hair care grew by 6.2% throughout 2015. This growth was driven by hairstyling products which grew double digit particularly pomade. Several efforts has been performed to strengthen this category such as, launching GATSBY Executive Shape and GATSBY Styling Pomade Supreme Hold (Water Base), and displaying new TV Commercial (TVC) of GATSBY Styling Pomade at the national television stations as well as social media.
TVC and Banner Adv. GATSBY Urban Cologne New Product in 1Q15 :CHIBIKKO – Hello Kitty
Investor Brief 1Q2016
This report contains certain statements of future expectations and other forward-looking statements, including those relating to our general business plan and strategy, our future financial condition, and growth prospect. Forward-looking statements involve risk and uncertainty which could cause actual results and development to differ materially from those expressed or implied in these statements. All opinions and estimations included in this report constitute our judgement as of the said period and are subject to change without prior notice. Mandom Indonesia does not guarantee that any actions, which should have been taken in reliance on this report will bring specific result as expected.
*stock price : Mar 31 3.42%
5.04% 4.81%
3.13%
1Q2013 1Q2014 1Q2015 1Q2016
Return On Equity
2.87%
4.01%
3.16%
2.48%
1Q2013 1Q2014 1Q2015 1Q2016
Return On Assets
18.15% 17.49% 16.44% 19.17%
1Q2013 1Q2014 1Q2015 1Q2016
EBITDA Margin
193
312 310
272
1Q2013 1Q2014 1Q2015 1Q2016
EPS
(in rupiah)
Rp5,648.4 Rp6,196.5 Rp6,434.5
Rp8,716.3
1Q2013 1Q2014 1Q2015 1Q2016
BVPS
2.79% 2.74%
1.90% 2.35%
1Q2013 1Q2014 1Q2015 1Q2016
